State University of New York Institute of Technology
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IBM Settles Civil Bribery Case with U.S. Government

The Wall Street Journal repored at the end of March, that the U.S. Securities and Exchange Commission (SEC) alleged that managers at an IBM South Korean subsidiary paid about $200,000 in cash to government officials there in the late 1990s and early 2000s in order to prompt them to buy products for the government.  IBM last week agreed to pay $10 million to settle civil charges that it bribed government officials in South Korea and China.  Funny enough IBM did not admit or deny the charges under the terms of the settlement.  Busted!! haha.  Now that response doesn't sound very ethical to me!  There are also claims that IBM employees in China provided trips, entertainment, and other improper gifts to government officials in order to procure contracts.   

 

dont be scared, keep it ethical SUNY IT

 

http://www.globalethics.org/newsline/2011/03/28/ibm-settles/


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